New Delhi: An intimation to newsip given by NBCC (India) Ltd., which says an has signed a Memorandum of Understanding (MoU) for the FY 2023-24 and FY 2024-25 on 14th July 2023 with its Administrative Ministry, MoHUA, outlining the performance targets for the Company for the FY 2023-24 and FY 2024-25.
The MoU has been signed by Shri Manoj Joshi, Secretary, Ministry of Housing and Urban Affairs, on behalf of the Ministry and by Shri P.K. Gupta, CMD, NBCC, signed on behalf of NBCC.
The special thing in the information provided by NBCC (India) Limited is that the present CMD Mr. P K Gupta who will retire from NBCC this year and Mr. K P Swamy (Director Commercial) who will take over as the CMD of the new NBCC. are seen together.
Shri Ravi Kumar Arora (IAS), Joint Secretary (Land & Estates); Shri Sanjeet (IRAS), Joint Secretary & Financial Advisor (MoHUA); Smt. B.K. Sokhey, Director (Finance); Sh. K.P.M Swamy, Director (Commercial); Shri Saleem Ahmed, Director (Projects); Sh. Pawan Kumar, Executive Director (Engg.) of NBCC along with other officials of the Ministry and NBCC were present at the MoU signing event.
The MoU sets the performance targets for the Company for the FY 2023-24 and FY 2024-25 and provides the snapshot of the milestones to be achieved by the company in respect of Financial& Operational Performance Parameters.